News

NZ Cabinet has agreed in-principle to establishing a travel bubble with Australia within the first three months of 2021. The arrangement will depend on there being “no significant change” in the Covid-19 situation in both countries, and the bubble getting

Global markets continued to rally on Friday (S&P 500 index +0.9%) with major US market indices hitting all-time highs and small-cap stocks outperformed.

A rally in cyclical stocks that has propelled global benchmarks to record highs in recent weeks lost momentum on Monday, but the Nasdaq hit another high as big tech stole the show.

A key sentiment indicator for US stocks has reached its most bullish level in two decades.

US stocks slipped from an all-time high on concern over dimming prospects for fresh stimulus amid resurgent coronavirus cases.

The big stock news in the US was the listing of Airbnb, which surged 115% from its $68 per share IPO price.

Closer to home, the Reserve Bank of Australia (RBA) left the cash rate at the record low 0.1% and made no changes to its QE programme at its last monthly meeting for 2020.

Pfizer climbed after its shot was cleared for deployment in the U.K. as soon as next week.

The Fortescue share price has jumped 13% yesterday – investors have been buying Fortescue and other iron ore producers after the spot price of the steel making ingredient climbed to a six-year high.